Teva (NYSE: TEVA) EVP Christine Fox sells shares to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Teva Pharmaceutical Industries Ltd EVP, U.S. Commercial Christine Fox reported RSU vesting and related share transactions. On March 5, 2026, 17,819 restricted share units were exercised into the same number of ordinary shares at a stated price of $0.00 per share.
On the same date, she sold 7,924 ordinary shares at a weighted average price of $31.6684 per share to cover tax withholding obligations, under a Rule 10b5-1 trading plan adopted on August 11, 2025. Following these transactions, she directly held 84,905 ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,924 shares ($250,940)
Net Sell
3 txns
Insider
Fox Christine
Role
EVP, U.S. Commercial
Sold
7,924 shs ($251K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 17,819 | $0.00 | -- |
| Exercise | Ordinary Shares | 17,819 | $0.00 | -- |
| Sale | Ordinary Shares | 7,924 | $31.6684 | $251K |
Holdings After Transaction:
Restricted Share Units — 53,459 shares (Direct);
Ordinary Shares — 92,829 shares (Direct)
Footnotes (1)
- The Ordinary Shares may be represented by American Depositary Shares, each of which currently represents one Ordinary Share. Each restricted share unit represents a contingent right to receive, at settlement, one ordinary share or, at the option of the Human Resources and Compensation Committee, the cash value of one ordinary share. The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 11, 2025. Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of the restricted share units listed in Table II. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.26 to $32.34, inclusive. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price. Restricted share units were granted on March 5, 2025, with 17,819 vested on March 5, 2026, 17,819 vesting on each of March 5, 2027 and March 5, 2028, and 17,821 vesting on March 5, 2029.
FAQ
What did Teva (TEVA) executive Christine Fox report in this Form 4?
Christine Fox reported RSU vesting and related share transactions. 17,819 restricted share units converted into ordinary shares, and 7,924 shares were sold. These movements reflect equity-based compensation activity and associated tax withholding, not an open-market discretionary purchase.
What RSU activity for Teva (TEVA) did Christine Fox disclose?
She disclosed that 17,819 restricted share units vested and converted into ordinary shares on March 5, 2026. Footnotes explain each RSU is a contingent right to receive one ordinary share or its cash value, subject to the company’s Human Resources and Compensation Committee decisions.
What Rule 10b5-1 information is disclosed in Teva (TEVA) executive Christine Fox’s Form 4?
The document states the reported transaction was effected under a Rule 10b5-1 trading plan adopted on August 11, 2025. Such plans pre-establish trading instructions, allowing insiders to sell shares according to predetermined terms independent of later material nonpublic information.